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Dec 5, 2012
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i know these tax measures willthought to balance not be r. ways to reduce the deficit never are. but we must act together. when you look for savings, it is fair to local to the 1%. >> with multiple forecasts being downgraded, it has now become an issue about competence. they argue not only has the chancellor failed, but failed on his own terms. >> it has been completely derailed. the one test they set for themselves, balance the books and get the debt falling by 2015, that is now in tatters. >> after all, the facts and figures of the chancellor's statement -- after all of the facts and figures of the chancellor's statement, we are left with a feeling of malaise. >> you are watching bbc world news america. still to come, aero controversy at the hospital after the duchess of game birds -- the after information on the duchess of cambridge is released to two is jockeys. >> in bangkok, thousands of thais turned out to catch a glimpse of the mark on his 85th birthday in a rare public appearance prepare aero controvy at the hospital after the duches
i know these tax measures willthought to balance not be r. ways to reduce the deficit never are. but we must act together. when you look for savings, it is fair to local to the 1%. >> with multiple forecasts being downgraded, it has now become an issue about competence. they argue not only has the chancellor failed, but failed on his own terms. >> it has been completely derailed. the one test they set for themselves, balance the books and get the debt falling by 2015, that is now in...
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Dec 5, 2012
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you >> taxes have been 18% of gdp. they're down now because of a question of rates but because of the economy. >> in sharing the burden, is not turnoff for republicans to say the wealthier can pay more? >> that is where we have put on the table an increase in revenue. we're willing to eliminate loopholes. i can tell you as someone who is under this system if you have the bright accountant and lawyer, you will pay less taxes than the next person regardless of your income level. i think eliminating these loopholes does do what the president has been talking about, fairness. it gives shared burden which is what we want to do. we have said we're willing to increase revenue someone. we get there at a different route than the president but the president needs to put on what he is willing to do to reduce spending and he has not done that so far. >> jack kingston, thank you. financial markets are watching. on the other side there is another controversy with a major fallout. clerical workers have been on strike at the ports in
you >> taxes have been 18% of gdp. they're down now because of a question of rates but because of the economy. >> in sharing the burden, is not turnoff for republicans to say the wealthier can pay more? >> that is where we have put on the table an increase in revenue. we're willing to eliminate loopholes. i can tell you as someone who is under this system if you have the bright accountant and lawyer, you will pay less taxes than the next person regardless of your income level....
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Dec 5, 2012
12/12
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we heard a very long discussion about tax treatment of same-sex marriages. the cdu trying to show itself as a party that is delectable by urban voters and that stands for diversity, as i said. >> ending the eurozone crisis has been a top priority, not only for merkel, but also for other european leaders as well. >> one key part of the plans is the creation of a banking union. finance ministers were supposed to be discussing the first steps to building such a union today, but the talks collapsed without progress. the discussions are very contentious, mainly because of the devolution of national powers to brussels. our correspondent has been following the talks and explained why they collapsed. >> another meeting on this next question, another failure. basically, the differences between member states were not healed. on the one side, you've got germany being very questioning about the central core idea, which is that the european central bank will become the supervisory body for the whole euro banking area, insuring heavy capitalization of banks to bolster the
we heard a very long discussion about tax treatment of same-sex marriages. the cdu trying to show itself as a party that is delectable by urban voters and that stands for diversity, as i said. >> ending the eurozone crisis has been a top priority, not only for merkel, but also for other european leaders as well. >> one key part of the plans is the creation of a banking union. finance ministers were supposed to be discussing the first steps to building such a union today, but the...
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Dec 6, 2012
12/12
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i know these tax measures willthought to balance not be r. ways to reduce the deficit never are. but we must act together. when you look for savings, it is fair to local to the 1%. >> with multiple forecasts being downgraded, it has now become an issue about competence. they argue not only has the chancellor failed, but failed on his own terms. >> it has been completely derailed. the one test they set for themselves, balance the books and get the debt falling by 2015, that is now in tatters. >> after all, the facts and figures of the chancellor's statement -- after all of the facts and figures of the chancellor's statement, we are left with a feeling of malaise. >> you are watching bbc world news america. still to come, aero controversy at the hospital after the duchess of game birds -- the after information on the duchess of cambridge is released to two is jockeys. >> in bangkok, thousands of thais turned out to catch a glimpse of the mark on his 85th birthday in a rare public appearance prepare aero controvy at the hospital after the duches
i know these tax measures willthought to balance not be r. ways to reduce the deficit never are. but we must act together. when you look for savings, it is fair to local to the 1%. >> with multiple forecasts being downgraded, it has now become an issue about competence. they argue not only has the chancellor failed, but failed on his own terms. >> it has been completely derailed. the one test they set for themselves, balance the books and get the debt falling by 2015, that is now in...
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Dec 10, 2012
12/12
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CSPAN
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a tax cut. that is the answer he gave. give them a big giveaway and the reality is -- the reality is that the prime minister couldn't get away from, the deficit going up, not down on his watch. we remember the posters with his air brushed face saying i will cut the deficit not the n.h.s. the facts speak for themselves. he has cut the n.h.s. and he's not cutting the deficit. he is 100% wrong. >> we're increasing the n.h.s. and we've cut the deficit. business are starting up at a higher rate than any time in our history, this economy is on the right track. unlike the party opposite we're on the side of people who work hard and do the right thing. what is his answer? more borrowing, more spending, more of the things that got us in this mess in the first place. >> mr. speaker, three years ago the n.h.s. spent 500 million pounds on tamiflu without seeing the data on effectiveness or safety. it is normal for the drugs industry to have almost complete control over the evidence basede made. will the pri
a tax cut. that is the answer he gave. give them a big giveaway and the reality is -- the reality is that the prime minister couldn't get away from, the deficit going up, not down on his watch. we remember the posters with his air brushed face saying i will cut the deficit not the n.h.s. the facts speak for themselves. he has cut the n.h.s. and he's not cutting the deficit. he is 100% wrong. >> we're increasing the n.h.s. and we've cut the deficit. business are starting up at a higher...
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Dec 8, 2012
12/12
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the end of the bush era tax breaks. so, where are the negotiations in washington? well, they're at a standstill. now, house speaker john boehner is putting all the blame on president obama. he's upset that the white house quickly rejected boehner's plan. >> there are a lot of things that are possible to put the revenue that the president seeks on the table. none of it is going to be possible. the president insists on his position. insists on my way or the highway. >> president obama is asking congress for more than $60 billion for states affected by superstorm sandy. officials from states hardest hit say the money is just a start. with the fiscal cliff looming the staff is sure to face some resistance on capitol hill. >>> he spoke at this year's democratic national convention as an independent, but now former republican florida governor charlie crist is a proud democrat. crist posted a twitter photo friday showing his registration papers tweeting that he's proud and honored to join the party in the home of president obama. crist ran for the u.s. senate as an indepe
the end of the bush era tax breaks. so, where are the negotiations in washington? well, they're at a standstill. now, house speaker john boehner is putting all the blame on president obama. he's upset that the white house quickly rejected boehner's plan. >> there are a lot of things that are possible to put the revenue that the president seeks on the table. none of it is going to be possible. the president insists on his position. insists on my way or the highway. >> president obama...
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Dec 5, 2012
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megyn: capital gains tax rate is different from the income tax rate in this country. on social security he a lower rate -- [talking over each other] megyn: president clinton lowered the capital gains rate. there is no correlation between its relation to investment income and earn income. megyn: why demonize the rich? the mortgage meltdown was a nightmare. but why demonize all of the rich? >> i hope to be rich one day. i aspire to. i would love to be a billionaire. i think people have admiration for the ones who follow the rules and who actually earn what they may. but when someone basically sits on their assets and gets 13.9% of the tax rate, i think that frustrates people. megyn: but that is legal. are you saying it's morally wrong? [talking over each other] [talking over each other] >> not at all. it is legal. but the law is asinine. there is no reason why it should be taxed. >> c-1 government enforcement of the tax code as equalization for everybody? [talking over each other] [talking over each other] >> you believe someone should earns $40 billion year should pay
megyn: capital gains tax rate is different from the income tax rate in this country. on social security he a lower rate -- [talking over each other] megyn: president clinton lowered the capital gains rate. there is no correlation between its relation to investment income and earn income. megyn: why demonize the rich? the mortgage meltdown was a nightmare. but why demonize all of the rich? >> i hope to be rich one day. i aspire to. i would love to be a billionaire. i think people have...
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Dec 7, 2012
12/12
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instead of reforming the tax code, cutting spending, the president wants to raise tax rates. even if the president got the tax rate hike that he wanted, understand that we would continue to see trillion dollar deficits for as far as the eye can see. washington has a spending problem. not a receive knew problem. the president doesn't agree with our proposal, i believe that he's got an obligation to families and small businesses to offer a plan of his own. a plan that can pass both chambers of the congress. we are ready and eager to talk to the president about such a plan. >> mr. speaker, you did speak with the president earlier this week. can you characterize that call? did he have any kind of counteroffer? also, we understand that he just is making clear that it is -- got to be increase in rates for the wealthy or no deal. are you willing to give a little bit, maybe just not all the way to 39.6? >> it was the -- the phone call was pleasant. but it was just more of the same. the conversations -- the staff had yesterday just more of the same. it is time for the -- president, if
instead of reforming the tax code, cutting spending, the president wants to raise tax rates. even if the president got the tax rate hike that he wanted, understand that we would continue to see trillion dollar deficits for as far as the eye can see. washington has a spending problem. not a receive knew problem. the president doesn't agree with our proposal, i believe that he's got an obligation to families and small businesses to offer a plan of his own. a plan that can pass both chambers of...
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Dec 8, 2012
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it is a combination of tax increases and spending cuts. it will take place at the end of the year faction is not taken. right now there is a standoff which christine lagarde has warned u.s. lawmakers, they have a duty to solve. we sat down with her here in washington. >> christine lagarde, the fiscal cliff, how concerned are they about the ramifications? >> people around the world are concerned about it. it appears to be the case there was more concerned about the eurozone than the fiscal cliff. now things have changed and there is more concerned about the fiscal cliff. they asked about a resolution. >> what could the impact speed? we are looking at a time when the global recovery is fragile at best. >> of u.s. is 20% of the global economy. if the u.s. suffers as a result of a fiscal cliff, a complete wiping out of its growth is going to have repercussions around the world. probably half of that. if the u.s. economy has less growth, it will probably be 1% less in mexico, canada, probably less so in europe and japan. but there will be a rip
it is a combination of tax increases and spending cuts. it will take place at the end of the year faction is not taken. right now there is a standoff which christine lagarde has warned u.s. lawmakers, they have a duty to solve. we sat down with her here in washington. >> christine lagarde, the fiscal cliff, how concerned are they about the ramifications? >> people around the world are concerned about it. it appears to be the case there was more concerned about the eurozone than the...
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prime minister for three separate terms he's currently caught up in a number of scandals including tax fraud convictions which he's appealing and accusations of paying for sex with an underage prostitute something he denies. but as well in president who are chavez has announced he's suffering from cancer once again but he says tests showed return of some malignant cells in the same area where tumors had been previously removed he said to return to cuba where he's already received cancer treatment to undergo surgery in the coming days but news comes two months after travers was elected as president in a tight vote. beijing has warned india against pursuing all exploration in the disputed that resource rich south china sea it comes in reaction to this week's statements by india's navy chief who announced his country could go as far as sending warships to the area to protect its economic interests europe is going off investigating the claims. as china and india rise economically their military muscles are growing as well both need energy to keep that kind of growth going and that may be p
prime minister for three separate terms he's currently caught up in a number of scandals including tax fraud convictions which he's appealing and accusations of paying for sex with an underage prostitute something he denies. but as well in president who are chavez has announced he's suffering from cancer once again but he says tests showed return of some malignant cells in the same area where tumors had been previously removed he said to return to cuba where he's already received cancer...
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Dec 8, 2012
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it will be tax cuts. obama's premise that this country'country'scountry's firse fraudulent and he's fixing it, and they'll be etched in stone. tax cuts. >> the president has given the republicans flexibility to come up with a credible, specific plan. what they offered in return was an empty letter. >> when it comes to fiscal cliff that's threat nick our economy and threatening jobs, the white house has wasted another week. >> tax cuts is what caused the fall of the united states from super power status. >> this president just won a big election and you would think that he would want to lead. >> we've had the election. the president was clear in the campaign that he was advocating and fighting for the middle income tax cuts. >> tax cuts. the whole premise of tax cuts is going to be blamed for all of this economic mess. >> this is a moment of truth. the clock is ticking, christmas it coming, the goose is getting fat. in many homes across america, it's a very, very lean time. >> the reports indicate that the
it will be tax cuts. obama's premise that this country'country'scountry's firse fraudulent and he's fixing it, and they'll be etched in stone. tax cuts. >> the president has given the republicans flexibility to come up with a credible, specific plan. what they offered in return was an empty letter. >> when it comes to fiscal cliff that's threat nick our economy and threatening jobs, the white house has wasted another week. >> tax cuts is what caused the fall of the united...
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Dec 6, 2012
12/12
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WUSA
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there's no prospect of an agreement that doesn't involve the tax -- remember, it's 207b8%. remember, all of those americans, too, get a tax cut into that framework on the first $250,000 of their income. >> that said the president and speaker john boehner discussed the budget by phone yesterday. susan mcginnis is in washington with the latest on this game of fiscal chicken. susan, good morning to you. >> right. good morning, terrell. yeah, that phone call does raise the possibility that some serious talks could start soon, but now we learn that a lot of members of congress are heading out on a long weekend, not to return till tuesday, this as the impasse here on capitol hill continues and the nation waits. social security workers marched outside their office in baltimore wednesday. they're protesting the government spending cuts due to kick in at the end of the year as part of the fiscal clear. >> we don't want to see our public hurt in any way. >> just down the road in washington, d.c., the standoff continues. house speaker john boehner says he's still waiting for president
there's no prospect of an agreement that doesn't involve the tax -- remember, it's 207b8%. remember, all of those americans, too, get a tax cut into that framework on the first $250,000 of their income. >> that said the president and speaker john boehner discussed the budget by phone yesterday. susan mcginnis is in washington with the latest on this game of fiscal chicken. susan, good morning to you. >> right. good morning, terrell. yeah, that phone call does raise the possibility...
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Dec 8, 2012
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it comes down to tax rates. this is a huge sticking point in the stalled negotiations between the president and mr. boehner. obama says the top rate on household income above $250,000 should rise from 35% to 39.6%. boehner wants the rate to stay at 35% or even lower. but what about meeting in the middle? around 37%? listen carefully to the speaker when he was asked today whether that rate could be the answer to this impasse. >> there are a lot of things that are possible. to put the revenue the president seeks on the table. but none of it's going to be possible if the president insists on his position. insists on my way or the highway. >> you hear what he said? a lot of things are possible. that may not sound like much where you're from, but here in washington, it sounds suspiciously like code for we're making progress. more evidence boehner's democratic counterpart house minority leader nancy pelosi also seems to be softening her language as we head into the weekend. listen. >> what we want to do is protect the
it comes down to tax rates. this is a huge sticking point in the stalled negotiations between the president and mr. boehner. obama says the top rate on household income above $250,000 should rise from 35% to 39.6%. boehner wants the rate to stay at 35% or even lower. but what about meeting in the middle? around 37%? listen carefully to the speaker when he was asked today whether that rate could be the answer to this impasse. >> there are a lot of things that are possible. to put the...
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Dec 9, 2012
12/12
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>> 2%. >> raise taxes. >> 2%? >> raise tax revenue by capping deductions at 2%. >> at 2% of income? >> no, no, no. that will cause a revolution. [ laughter ] >> a bad idea. >> he said it would raise 400, $500 billion over a decades assuming the deductions were still allowed. that is more than half of the g.o.p. revenue goal. >> what you want to do is put a limit on the offsets you can have applied to your income if you're in the upper ranges of the income spectrum, okay? the top 2% is what he is talking about. there is something to that. i think whatever the program is, it seems to me we must do something about it. because otherwise if we have -- the debt ceiling is the critical issue. because if we get up there and we will get up there sometime between now and february, you could have another great collapse in terms of the confidence notice american dollar that. would be a huge, huge issue for the united states. so we must be in a position where it is not that we have authorized the spending of the money, we just don't have the money. we're running a deficit of $25 billion every we
>> 2%. >> raise taxes. >> 2%? >> raise tax revenue by capping deductions at 2%. >> at 2% of income? >> no, no, no. that will cause a revolution. [ laughter ] >> a bad idea. >> he said it would raise 400, $500 billion over a decades assuming the deductions were still allowed. that is more than half of the g.o.p. revenue goal. >> what you want to do is put a limit on the offsets you can have applied to your income if you're in the upper ranges...
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italy's prime minister for three separate terms and he's currently caught up number of scandals including tax fraud convictions which he's appealing and accusations of paying for sex with an underage prostitute something he denies. and as well and president hugo chavez has announced he is suffering from cancer once again the leader says tests showed a return of some malignant cells in the same area were tumors have been previously removed he will return to cuba are worried he's already received cancer treatment to undergo surgery in the coming days the news comes two months after her child as was reelected asked president in a tie vote. he was authorities can obtain and study data european storen live overreaching you are strict privacy protection laws and that's according to a report issued by the university of amsterdam saying washington's being shielded by the terror of patriot act one of the authors of the report acts alarmed bach believes international privacy regulations should be stepped up. normally in an offline world you would have cooperation between governments that would respect
italy's prime minister for three separate terms and he's currently caught up number of scandals including tax fraud convictions which he's appealing and accusations of paying for sex with an underage prostitute something he denies. and as well and president hugo chavez has announced he is suffering from cancer once again the leader says tests showed a return of some malignant cells in the same area were tumors have been previously removed he will return to cuba are worried he's already received...
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Dec 8, 2012
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he wants to tackle the corporate tax code and doesn't want to have to be dealing with this next year, obviously, with the business community, they have something at stake, they want more certainty and a lot is riding here and both sides will ultimately find some common areas to agree with. >> hey, jamie. >> jamie: yes? >> doug is correct, if obama wants to get his agenda through, he's going to need those house republicans,'s going to need boehner, he can't push a crammed agenda through when like nancy pelosi was speak of the house. i don't think that president obama or the republicans want us to go over the fiscal cliff. >> jamie: angela, when i have you guys on, i want to learn a little something myself. we have a lot of new members that are going to be seated after the first of the year. so, if they come up with some partial solution, let's say, what's the impact, angela, of us having new members of congress seating into this di decision making process. is it hurtful or beneficial? >> it's always beneficial, i always think that new minds are great to come to the table to give new id
he wants to tackle the corporate tax code and doesn't want to have to be dealing with this next year, obviously, with the business community, they have something at stake, they want more certainty and a lot is riding here and both sides will ultimately find some common areas to agree with. >> hey, jamie. >> jamie: yes? >> doug is correct, if obama wants to get his agenda through, he's going to need those house republicans,'s going to need boehner, he can't push a crammed...
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Dec 5, 2012
12/12
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MSNBCW
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if you're a republican to vote for tax increases, entitlement cuts, does it take scary stuff on the markets to force you to action? >> so i guess your colleague at "the washington post" today, matt miller, wrote a column and looking at the possibility or the prospect of sort of a p perpetual fiscal cliff and using the debt ceiling to force concessions. they, you know, used cliche they kicked the can down the road to the super committee and that blew up and now this and talk of a two-prong solution and then dealing with entitlements next year. it does seem like we just keep making, you know, small incremental decisions and then putting off somethingç bigger r six months, a year, 18 months. when will the insanity stop on this? >> yeah. i mean, the thing is -- >> 300 calories! >> stop the insanity! >> that was -- that was susan powter. i knew we talked about it before the show and didn't know we would play it. when will we listen and stop the insanity? feel free to answer. >> yeah. look. you know, it's a real dynamic in place where it takes the horrible things to happen, a risk of a recessio
if you're a republican to vote for tax increases, entitlement cuts, does it take scary stuff on the markets to force you to action? >> so i guess your colleague at "the washington post" today, matt miller, wrote a column and looking at the possibility or the prospect of sort of a p perpetual fiscal cliff and using the debt ceiling to force concessions. they, you know, used cliche they kicked the can down the road to the super committee and that blew up and now this and talk of a...
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Dec 5, 2012
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doing a tax cut. give them a big giveaway. the reality, the reality is, the reality the prime minister couldn't get away from, the deficit is going up, not down, on his watch. we all remember the posters which is airbrushed, i will cut the deficit, not the nhs. the facts speak for themselves. he cut the nhs and is not cutting the deficit. >> we are increasing spending on the nhs and we are cutting the deficit. we have cut the deficit by 25%. there are a million more private sector jobs. businesses are starting at higher rate than any time in our history. this economy is on the right track. we are equipping britain for the global race and on like the party opposite we are in the side of people who work hard and want to do the right thing. what is the answer? more borrowing, more spending, more of the things that got us into this mess in the first place. >> mr. speaker, years ago the nhs spent five hundred million pounds on tamiflu without seeing the day on the effectiveness or safety and rather than be
doing a tax cut. give them a big giveaway. the reality, the reality is, the reality the prime minister couldn't get away from, the deficit is going up, not down, on his watch. we all remember the posters which is airbrushed, i will cut the deficit, not the nhs. the facts speak for themselves. he cut the nhs and is not cutting the deficit. >> we are increasing spending on the nhs and we are cutting the deficit. we have cut the deficit by 25%. there are a million more private sector jobs....
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Dec 4, 2012
12/12
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CNNW
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taxes and spending. what is an agreement that both sides can say yes, we each gave a little? >> the republicans must agree to higher tax rates on well off americans. all the way to the 39.6 that the president, they have to. that's the ticket for admission because the president won the election and campaigned on that. the democrats are going to have to agree. they'll use uf -- and that means health care for seniors and poor people and special needs kids. that is not an easy thing to ask anybody to do, let alone the democratic party. which really created these programs. this is going to be awful and gruesome, but 70 for 60 in your poll, 60% of americans want to raise taxes on well off americans. 70% don't want to cut or 80, don't want to cut medicare or medicaid, so the hard stuff is coming. this is the easy stuff. >> we're out of time, guys. nice to talk to you. i appreciate it. >>> next, violent clashes along the turkey, syria border and a new heir to the british throne is on the way. our piers morgan wi
taxes and spending. what is an agreement that both sides can say yes, we each gave a little? >> the republicans must agree to higher tax rates on well off americans. all the way to the 39.6 that the president, they have to. that's the ticket for admission because the president won the election and campaigned on that. the democrats are going to have to agree. they'll use uf -- and that means health care for seniors and poor people and special needs kids. that is not an easy thing to ask...
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Dec 7, 2012
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those middle class tax cuts in that legislation would protect the tax cuts for 98% of americans and 97% of small businesses. that, as we are in the midst of the holiday season, is absolutely essential to continuing to get our economy turned around and focus on job creation. >> "the new york times" reporting today that negotiations are now down to just two people. the president, the house speaker. we know that some senate democrats dispute this. what do you think about this point with regard to the negotiations and who's in the room? >> i know that the president and his advisers are focused on making sure that in the discussions that they have with both the house and the senate that whatever plan they agree to includes a balanced approach. one that's fair to the middle class and one whose math makes sense and reaches the size of the duff sit reduction we need that doesn't balance all the pain on the backs of the middle class and that makes sure that we have suspending cuts and revenue. when it comes to entitlement reform, we have an opportunity to add another hundreds of billions of doll
those middle class tax cuts in that legislation would protect the tax cuts for 98% of americans and 97% of small businesses. that, as we are in the midst of the holiday season, is absolutely essential to continuing to get our economy turned around and focus on job creation. >> "the new york times" reporting today that negotiations are now down to just two people. the president, the house speaker. we know that some senate democrats dispute this. what do you think about this point...
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and00 billion in new tax revenue no. rate increases in top two percent of taxpayers. that is nonnegotiatable for the president. >> we're not going to be able to get a deal without it white house says the math doesn't add up. >> it's magic beebs and fairy dust. >> with just 28 days until deadline, negotiations reach aid stalemate. >> there is nothing going on privately that is not going on publicly. >> there are no plans at this time for leaders to meet with the president at the while the house. it doesn't sound like he's sending out invitations any type soon. >> i don't think that the yish now has to do with sitting in a room. >> today, the president did meet with the bipartisan group of governors. >> we understand will be a shared sacrifice. have you to look at cuts. states are willing to do more with less. >> the governors didn't endorse a proposal but said something needs to be done to avoid massive, mandatory cuts that will happen if there is no deal. abc news, washington. >> and on to other news of the day. i had honor of helping to judge videos created by bay ar
and00 billion in new tax revenue no. rate increases in top two percent of taxpayers. that is nonnegotiatable for the president. >> we're not going to be able to get a deal without it white house says the math doesn't add up. >> it's magic beebs and fairy dust. >> with just 28 days until deadline, negotiations reach aid stalemate. >> there is nothing going on privately that is not going on publicly. >> there are no plans at this time for leaders to meet with the...
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how democrats new super majority could impact big issues like taxes you pay. also a despite over the shooting of oscar grant and bart police officers given immune ti after the death z a victory that sets up a conflict between land lords and u.s. justice department. those stories and more coming up at 6:00. >> thank you. see you shortly. >> world news is coming up next. i'm cheryl jennings. >> from sandhya patel, all of us, we'll see you again in afl hahn hour. >>> this is "world news." tonight, royal baby. the world's most famous bride, kate middleton, is pregnant but rushed to the hospital. two days ago it was a secret, but she seemed fine, so what happened? tonight at the palace, jubilation and concern. >>> early warning. the flu has arrived. the earliest season in a decade. an alert tonight about how to
how democrats new super majority could impact big issues like taxes you pay. also a despite over the shooting of oscar grant and bart police officers given immune ti after the death z a victory that sets up a conflict between land lords and u.s. justice department. those stories and more coming up at 6:00. >> thank you. see you shortly. >> world news is coming up next. i'm cheryl jennings. >> from sandhya patel, all of us, we'll see you again in afl hahn hour. >>>...
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negotiates with the republicans to avoid the so-called fiscal cliff it's a set of spending rises and tax cuts that are set to take effect on the first of january and could be ruinous to the economy but does the average american fear the looming june artie's new yorker resident try to find out. america is about to go over the fiscal cliff are you worried what should we do about it this week let's talk about that do you know the fiscal cliff. do you think a lot of americans do you know so then why is the media talking about it incessantly well so go there i guess i'm not as informed as i should be but i just kind of figure it might work out do you think most people feel that way you know you think most people are worried i think they are and i think that if i ignore it all go away do you think calling it something like the fiscal cliff minimizes it yes or no i definitely agree that it's a complex problem i don't think it simplifies it though i think it adds an element of panic or fear looming. doom and the media loves that yeah i do think there's actually something to worry about or do you
negotiates with the republicans to avoid the so-called fiscal cliff it's a set of spending rises and tax cuts that are set to take effect on the first of january and could be ruinous to the economy but does the average american fear the looming june artie's new yorker resident try to find out. america is about to go over the fiscal cliff are you worried what should we do about it this week let's talk about that do you know the fiscal cliff. do you think a lot of americans do you know so then...
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he did talk about his desire to increase taxes which may go to melissa's point. but after an elect like this. there isn't that goodwill. there isn't that kind of national coming together that you might have seen for, say, bill clinton or ronald reagan and their reelection. people are pretty bummed out. alisyn: tell us what the larger issue is. does this mean people won't be spending as much on christmas gifts in how do it translate to what it means to the economy? >> it's always hard to reconcile how people feel and how they act. we know you may feel like you shouldn't spend a lot of money but when push comes to showf end up buying an extra gift. soy don't think it means christmas is doomed. but like you were saying before. people are not feeling hopeful about what's going on and they are not alone. when i talk to economists they are wondering, is this the new normal. you have roughly 150,000 people finding jobs. is its lauded as a good thing, in the past you would see 200,000 to 300,000 people every month finding a new job. at this rate it will take nine years t
he did talk about his desire to increase taxes which may go to melissa's point. but after an elect like this. there isn't that goodwill. there isn't that kind of national coming together that you might have seen for, say, bill clinton or ronald reagan and their reelection. people are pretty bummed out. alisyn: tell us what the larger issue is. does this mean people won't be spending as much on christmas gifts in how do it translate to what it means to the economy? >> it's always hard to...
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. >>> a masked man ambushes and then sexually taxes a female clerk. it happened late -- attacks a female clerk. it happened late last night at the econo lodge in woodbridge. this sounds particularly violent. >> reporter: incredibly brutal because the woman was attacked on the stairwell, knocked unconscious and then sexually assaulted. this woman thought she was just helping a hotel guest, but instead faced a man wielding a knife. >> this is one where it's random and to the point where she's unconscious and the assault occurs. this is probably one of the most severe cases that we've had. >> reporter: police say the 33- year-old motel clerk received a call just after 10:00 last night. the caller said he was locked out of a second floor room and needed to get back in. the woman went out to help. when she got to the stairwell, a masked man with knife came from behind and forced her into the very room she was called to let someone in, a room that was kay vanity. >> she was rendered un-- vacant. >> she was rendered unconscious either from shock or assault a
. >>> a masked man ambushes and then sexually taxes a female clerk. it happened late -- attacks a female clerk. it happened late last night at the econo lodge in woodbridge. this sounds particularly violent. >> reporter: incredibly brutal because the woman was attacked on the stairwell, knocked unconscious and then sexually assaulted. this woman thought she was just helping a hotel guest, but instead faced a man wielding a knife. >> this is one where it's random and to the...
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the problem is do you want to pay more in taxes or will the rich pay more in taxes? the other guys should pay more in taxes. the top 1% in this country pay 40% of the taxes. that's not fair. i wish the president would tell me what is fair? the top 10% pay 70% of the taxes. is that fair? do they want to pay 100% of the tacks? what is fair? right now the president is doing what democrats do. give me the tax increase first and then we will talk about the spending cuts. if they want to do a fair plan to benefit the american people, let's do something crazy. let's cut the spending before we talk about additional revenue. >> i think a lot of people look at this as an opportunity for the president to do something bill clinton did when he reformed welfare during his presidency which is to go after one of the democrat's say crad cows for the -- sacred cows for the sake of the country and make an impact for his legacy in the long-term. is there an opportunity to do something like that when it comes to cutting spending on our entitlement programs and to make a difference for th
the problem is do you want to pay more in taxes or will the rich pay more in taxes? the other guys should pay more in taxes. the top 1% in this country pay 40% of the taxes. that's not fair. i wish the president would tell me what is fair? the top 10% pay 70% of the taxes. is that fair? do they want to pay 100% of the tacks? what is fair? right now the president is doing what democrats do. give me the tax increase first and then we will talk about the spending cuts. if they want to do a fair...
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but the plan calls for raising the revenue without raising tax rates on top income earners, something the white house views as unacceptable. during a photo op, the president avoided questions about the gop plan. >> no deal better than a bad deal, sir? >> reporter: a senior white house official called the proposal a step backwards. saying if republicans do not agree to some higher tax rates for the wealthy, the nation will go over the fiscal cliff, and the american people will hold them responsible. democrats also take issue with the proposal's spending cuts to medicare and social security. republican counter that tough cuts are needed to tackle the soaring debt, leaving washington locked in a stalemate, less than a month before every american sees their taxes shoot up. the gridlock has irritated people outside washington, like deborah page of arlington, texas. >> if i was working the way the president and congress was working, i would probably lose my job. >> reporter: page started a petition that would cease paychecks and health benefits for all members of congress and president obam
but the plan calls for raising the revenue without raising tax rates on top income earners, something the white house views as unacceptable. during a photo op, the president avoided questions about the gop plan. >> no deal better than a bad deal, sir? >> reporter: a senior white house official called the proposal a step backwards. saying if republicans do not agree to some higher tax rates for the wealthy, the nation will go over the fiscal cliff, and the american people will hold...
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don't hold those tax breaks for millionaires hostage. let's reduce taxes for the middle class. that's something that we all agree on fine let's get it done. if we believe we need to make certain investments which we do to grow the economy, in infrastructure and innovation and making sure america is always on the cutting-edge of new entrepreneurship, the fact is that we want to do that, the president has put that forward, the election does make a difference, the president is absolutely strong about this. look i was just with him on friday. he came to my district. was at a business. they are showing some of that video right now. local business in my district that was a toy manufacturer and what they said to the president, what they said to me is we, we make more toys when there's consumer demand. let's make sure that middle class americans have dollars in their pockets, they continue to have confidence as consumers or grow that confidence and that our businesses, large and small respond to that, that they begin to see so stability. this is time when we're calling on speaker boehn
don't hold those tax breaks for millionaires hostage. let's reduce taxes for the middle class. that's something that we all agree on fine let's get it done. if we believe we need to make certain investments which we do to grow the economy, in infrastructure and innovation and making sure america is always on the cutting-edge of new entrepreneurship, the fact is that we want to do that, the president has put that forward, the election does make a difference, the president is absolutely strong...
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>> the tax problem is the biggest problem. president obama has laid out in the past and seen willing to me, at least, to make some cuts to medicare. maybe not ones conservatives like. what we don't know yet, the big question is, president obama is pushing for $1 trillion in tax increases, pushing it for a long time. he feels he has a mandate on that now. we know his idea is about raising revenue. we don't know what the republicans ideas are on the revenue. that's what we need to know. that's the whole question, what are they. go ahead. >> we've heard from lindsey graham yesterday or the day before with regards to revenue. he still contends, ari, that you can raise a significant chunk of revenue, he's thrown out $800 billion at least by closing loopholes and limiting deductions, whether it's $30,000, $40,000, $50,000. >> yeah, but he's just talking, right? just talking. what the president has done is outlined a plan. he outlined it once and the american people voted for it, and he outlined it again, not surprisingly, the same c
>> the tax problem is the biggest problem. president obama has laid out in the past and seen willing to me, at least, to make some cuts to medicare. maybe not ones conservatives like. what we don't know yet, the big question is, president obama is pushing for $1 trillion in tax increases, pushing it for a long time. he feels he has a mandate on that now. we know his idea is about raising revenue. we don't know what the republicans ideas are on the revenue. that's what we need to know....
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for its starbucks activists threatened to close the company's outlets over the miserable amount of taxes the coffee giant pays in the u.k. despite huge profits more videos and pictures from the day of action on our twitter page. britain and the u.s. have claimed syria's president might be readying for a chemical attack washington says it has intelligence indicating assad could resort to chemical weapons in the fight against the rebels something that would trigger a foreign military intervention the rhetoric is increasingly looking like of the run up to the iraq war ten years ago r.t. has spoken to former u.s. state department chief of staff lawrence wilkerson who was behind of the report laying out the case for the iraqi intervention we asked him what he thinks is next for syria and how justifiable the fears are about its chemical arsenal i would be highly skeptical of any intelligence rinder by the one hundred forty plus billion dollar u.s. intelligence community that is to weapons of mass destruction in the possession of another country period i'm not violating any great confidence gre
for its starbucks activists threatened to close the company's outlets over the miserable amount of taxes the coffee giant pays in the u.k. despite huge profits more videos and pictures from the day of action on our twitter page. britain and the u.s. have claimed syria's president might be readying for a chemical attack washington says it has intelligence indicating assad could resort to chemical weapons in the fight against the rebels something that would trigger a foreign military intervention...
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the bush tax cut for everybody. each has a bill and same argument. i don't imagine the president has upper hand in that. >> bret: next up, president george w. bush on immigration reform. this holiday, share everything. share "not even close." share "you owe me..." share "just right." the share everything plan. sharable data across 10 devices with unlimited talk and text. get a droid razr m by motorola for $49.99. >>> immigrants come with new skills and new ideas. they fill a critical gap in the labor market. they work hard for a chance for a better life. america can be a lawful society. and a welcoming society at the same time. >> bret: former president george w. bush talking about the importance for republicans to embrace immigration reform. it's a theme many republicans are talking about, including incoming senator ted cruz who talked about it this week in d.c. >> i think republicans need to remain a party that supports securing the border and stopping illegal immigration. at the same time, welcomes and celebrates
the bush tax cut for everybody. each has a bill and same argument. i don't imagine the president has upper hand in that. >> bret: next up, president george w. bush on immigration reform. this holiday, share everything. share "not even close." share "you owe me..." share "just right." the share everything plan. sharable data across 10 devices with unlimited talk and text. get a droid razr m by motorola for $49.99. >>> immigrants come with new skills...
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but you don't have to wait for the tax hikes. $317 billion in new taxes. set to kick in january 1st. and we will show you the latest tax increase brought to you by the people who created obamacare . get ready for armageddon. is america reelly headed to help? is there any way to stop the document author of after america, mark stein joins me next. ♪ ♪ lou: welcome all fundamental dishonesty at the heart of america's financial crisis. my next guest saas americans really seems of want a european size government with current american size tax rates. one or the other has got to go. we will see. joining us now, author of the best seller, get ready for armageddon. also, a recording of -- i will explain my laughter. his new holiday cd, making spirits bright available on the amazon and itunes. i am trying to think how to do it. >> the words stuck in your throat. lou: it is terrific. it is wonderful. here to prove the point, and it's ggod to have you. i wish you lots of luck. by the way, s t eyn. that's right. and i got it covered. >> that's right. why do i have
but you don't have to wait for the tax hikes. $317 billion in new taxes. set to kick in january 1st. and we will show you the latest tax increase brought to you by the people who created obamacare . get ready for armageddon. is america reelly headed to help? is there any way to stop the document author of after america, mark stein joins me next. ♪ ♪ lou: welcome all fundamental dishonesty at the heart of america's financial crisis. my next guest saas americans really seems of want a...
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they also pay a high rate of tax but nowhere near as high as the u.k. we've got the.
they also pay a high rate of tax but nowhere near as high as the u.k. we've got the.
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it also offers $800 billion in new tax revenues but only if the money comes from tax reform and not from raising rates on the wealthy. and that's where the stalemate is stuck. >>> rates have to rise and republicans need to acknowledge that. that's the only way to get from here to there. >> the white house says the plans fails the balance test. tax hikes and spending cuts will automatically kick in on 1/1. >>> in your world, fighting has escalated in damascus. this comes after president obama issued a warning to president assad and his government not to use any chemical weapons. secretary of state hillary clinton says if assad goes down that road, there will be consequences. >> suffice to say we are certainly planning to take action if that eventuality were to occur. >> this week nato foreign minister is expected to approve turkey's request for patriot antimissile systems. turkey has been supportive of assad opponents and is concerned about possible retaliation by syrian missiles. >>> iran claims it has captured an american drone but a u.s. navy spokesman says no drones are missing. the c
it also offers $800 billion in new tax revenues but only if the money comes from tax reform and not from raising rates on the wealthy. and that's where the stalemate is stuck. >>> rates have to rise and republicans need to acknowledge that. that's the only way to get from here to there. >> the white house says the plans fails the balance test. tax hikes and spending cuts will automatically kick in on 1/1. >>> in your world, fighting has escalated in damascus. this comes...
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decides whether to make drastic spending cuts and raise taxes to reduce the debt or come up with other solutions it's feared an abrupt attempt to shrink the debt could send the economy sinking straight into recession that is resident as in new york to find out what people there think. america is about to go over the fiscal cliff are you worried what should we do about it this week let's talk about that do you know the fiscal cliff. do you think a lot of americans do so then why is the media talking about it incessantly well i i guess i'm not as informed as i should be but i just kind of figure it might work out do you think most people feel that way you know you think most people are worried i think they are and i think that if i ignored it all go away do you think calling it something like the fiscal cliff minimizes it yes or no i definitely agree that it's a complex problem i don't think it simplifies it though i think it adds an element of panic or fear looming. doom and the media loves that yeah i do think there's actually something to worry about or do you think it's something the
decides whether to make drastic spending cuts and raise taxes to reduce the debt or come up with other solutions it's feared an abrupt attempt to shrink the debt could send the economy sinking straight into recession that is resident as in new york to find out what people there think. america is about to go over the fiscal cliff are you worried what should we do about it this week let's talk about that do you know the fiscal cliff. do you think a lot of americans do so then why is the media...
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the gop wants the bush era tax cuts extended for everybody and is instead offering to close tax loopholes and limit deductions. >> the revenues we're putting on
the gop wants the bush era tax cuts extended for everybody and is instead offering to close tax loopholes and limit deductions. >> the revenues we're putting on
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city against starbucks angry activists who threaten to occupy the company shops over the corporation tax is paid in britain despite huge revenues more videos and pictures from the day of action on our twitter page. britain has joined the u.s. in claims they have intelligence suggesting syria might be preparing to use chemical weapons western countries and said the use of such weapons would trigger foreign military intervention the situation is increasingly drawing parallels with the run up to the invasion of iraq ten years ago he has spoken to fulminate the state department chief of stuff norns wilkinson who was behind the report they know the case for the iraq war and what he thinks is next for syria and how justifiable to feel about its chemical nossel. i would be highly skeptical of any intelligence rendered by the one hundred forty plus billion dollar us intelligence community as to weapons of mass destruction in the possession of another country period i'm not violating any great confidence or any great prohibition in the intelligence community to tell you that we've known for years
city against starbucks angry activists who threaten to occupy the company shops over the corporation tax is paid in britain despite huge revenues more videos and pictures from the day of action on our twitter page. britain has joined the u.s. in claims they have intelligence suggesting syria might be preparing to use chemical weapons western countries and said the use of such weapons would trigger foreign military intervention the situation is increasingly drawing parallels with the run up to...
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if his prime minister for three separate terms is currently caught up in a number of scandals using tax fraud convictions which he's appealing and accusations of paying for sex with an underage prostitute something he denies. as well in president chavez has announced he's suffering from cancer once again the distance tests show the return. somewhat movement cells in the same area where tumors had been previously removed he said to return to cuba where he's already received the cancer treatment to undergo surgery in the coming days and news comes two months after travers was reelected as president in a tight vote. for u.s. drone attack on what's believed to be a militant hideout has left at least three people dead in pakistan four missiles struck a residential compound in the north waziristan province early on sunday despite demands by pakistan for an end to attacks by unmanned a croft the country's restive tribal belt is often targeted by u.s. drones with washington claiming it and targets insurgents. the americans in their hundreds of thousands across the states have gone online to say
if his prime minister for three separate terms is currently caught up in a number of scandals using tax fraud convictions which he's appealing and accusations of paying for sex with an underage prostitute something he denies. as well in president chavez has announced he's suffering from cancer once again the distance tests show the return. somewhat movement cells in the same area where tumors had been previously removed he said to return to cuba where he's already received the cancer treatment...
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if they don't find compromise by the end of the year, taxes will go up for everyone. and massive spending cuts will automatically kick in. danielle nottingham has the latest on negotiations from capitol hill. >> reporter: house members left the capitol in the middle of the fiscal fight. they're not due back until next week. but house speaker john boehner is staying behind, ready to sit down with the president. >> we can't sit here and negotiate with ourselves. >> reporter: president obama is rejecting the republican proposal because it does not raise taxes on households making more than $250,000 a year. the gop is offering to close tax loopholes and limit deductions instead. >> now, the revenues were put in. going to come from, guess who? the rich. . >> reporter: health republicans say if bush era tax cuts aren't extended for everyone, it will hurt the economy. and they invited small business owners here to capitol hill to make their point. >> reporter: max olsen opened an insurance company this year and is concerned he won't be able to add employees. >> you add their
if they don't find compromise by the end of the year, taxes will go up for everyone. and massive spending cuts will automatically kick in. danielle nottingham has the latest on negotiations from capitol hill. >> reporter: house members left the capitol in the middle of the fiscal fight. they're not due back until next week. but house speaker john boehner is staying behind, ready to sit down with the president. >> we can't sit here and negotiate with ourselves. >> reporter:...
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. >> reporter: taxes continue to be the line in the sand between democrats and republicans. >> there is no path to an agreement that does not involve republicans acknowledging that rates have to go up for the wealthiest. >> reporter: gop lawmakers don't want higher rates and say the obama administration's proposed cuts to entitlements don't go far enough. >> i think we're going over the cliff. it's pretty clear to me they have made a political calculation. this offer doesn't remotely deal with entitlement reform in a way to save medicare and medicaid and social security from bankruptcy. >> reporter: if a deal is not reached, taxes go up and spending will be clashed. defense contractors are sending the message to lawmakers those cuts would damage the military industry and weaken national security. the ceo of task, a company that develops aviation systems and software for intelligence agencies: >> over 50% of the defense budget is procuring services and services are underscored by jobs. so of course there will be job loss if you have cuts. >> reporter: the cliff hits at the end of the
. >> reporter: taxes continue to be the line in the sand between democrats and republicans. >> there is no path to an agreement that does not involve republicans acknowledging that rates have to go up for the wealthiest. >> reporter: gop lawmakers don't want higher rates and say the obama administration's proposed cuts to entitlements don't go far enough. >> i think we're going over the cliff. it's pretty clear to me they have made a political calculation. this offer...
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republicans would raise $800 billion by reducing tax loopholes, not with a tax rate increase. the president would double new revenues to $1.6 trillion, with most of that coming from higher taxes on households making more than $250,000. the president and his negotiators have told republicans there won't be a fiscal cliff deal without that tax increase. the white house today dismissed that counteroffer as nothing new and urged republicans to "get serious about the fiscal cliff negotiations." but, scott, that's exactly what republicans were saying about the president on friday. >> pelley: wyatt, thank you. the president has not decided whether to order an end to a strike that has crippled traffic at the nation's two busiest seaports. the ports of los angeles and long beach shut down after a few dozen clerical workers walked off the job and dock workers refused to cross their picket line. bill whitaker has the latest. >> reporter: 11 huge cargo ships are stuck offshore, piled high with containers of food, toys, lumber. 14 others sit untouched at the docks. >> if you guys could sta
republicans would raise $800 billion by reducing tax loopholes, not with a tax rate increase. the president would double new revenues to $1.6 trillion, with most of that coming from higher taxes on households making more than $250,000. the president and his negotiators have told republicans there won't be a fiscal cliff deal without that tax increase. the white house today dismissed that counteroffer as nothing new and urged republicans to "get serious about the fiscal cliff...